Registered User Joined: 7/15/2010 Posts: 5
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(((H-L)>3*(O-C))AND((C-L)/(.001+H-L)>O.6)AND((O-L)/(.001+H-L)>O.6))
This is a pcf for candlestick hammer, I use this in a scan and have gotten no result in 6 months. Is this the pcf I should be using in my scan?
I want stocks with a Bullish Candlestick hammer pattern.
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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I am not a candlestick guy (at all), but my best guess as to the intent of this formula would be:
H - L > 3 * (O - C) AND C - L > .6 * (H - L) AND O - L > .6 * (H - L)
It should return true when the candle as a whole is more than three times the size of the body and the body is entirely contained within the top 40% of the candle as a whole.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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